Obama claims the US economy is showing signs of recovery in his annual State of the Union address.

Obama claims the US economy is showing signs of recovery in his annual State of the Union address.

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Business

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The transcript discusses the economic revival in Detroit, highlighting the positive impact of low interest and gas prices on the auto industry and consumer confidence. It notes the role of falling oil prices in boosting the US economy, making it more resilient to global economic shocks. President Obama is credited with aiding the recovery of the car industry and the broader economy. Despite these positive indicators, skepticism remains, particularly in Detroit, where some feel the economy will never return to its former state. Overall, US economic growth is accelerating faster than it has in over a decade.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways is the U.S. economy described as being better insulated from economic shocks compared to others?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the main concerns expressed by the Body Shop owner regarding the economy?

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